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6050 Gurnee Mills Cir E 44,880 SF Retail Building Gurnee, IL 60031 $10,660,447 CAD ($237.53 CAD/SF) 7% Cap Rate
Investment Highlights
- 7 YEAR NET LEASE | 2.0% ANNUAL ESCALATIONS
- HIGH PERFORMING LOCATION | #5 STORE IN STATE OF ILLINOIS
- OUTLOT TO GURNEE MILLS MALL | 10 MILLION ANNUAL VISITORS
- LARGEST ASHLEY FURNITURE FRANCHISEE | 125 LOCATIONS
- REDEVELOPED SITE | ALL NEW HVAC AND PARKING LOT
- DOMINANT RETAIL TRADE AREA | TOP 6% RETAIL NODE IN THE COUNTRY
Executive Summary
Mid-America Real Estate Corporation has been retained on behalf of the owner to sell the 100% fee simple interest in the 44,880 square foot, freestanding Ashley Furniture location located at the entrance to Gurnee Mills Mall off Grand Avenue (US- 132) Gurnee, Illinois. The subject offering features a 7-year net lease with the largest Ashley Furniture franchisee.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
44,880 SF
Building Class
C
Year Built/Renovated
1992/2024
Price
$10,660,447 CAD
Price Per SF
$237.53 CAD
Cap Rate
7%
NOI
$746,571 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.44
Lot Size
2.34 AC
Zoning
C-6 PUD - Regional Commercial District as a Planned Unit Development
Parking
288 Spaces (6.42 Spaces per 1,000 SF Leased)
Frontage
387’ on Gurnee Mills Circle East
Amenities
- Signage
Fairly walkable
40/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 07-16-201-008 | Improvements Assessment | $396,169 CAD |
| Land Assessment | $483,184 CAD | Total Assessment | $879,354 CAD |
Property Taxes
Parcel Number
07-16-201-008
Land Assessment
$483,184 CAD
Improvements Assessment
$396,169 CAD
Total Assessment
$879,354 CAD
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6050 Gurnee Mills Cir E
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